Home » Robinhood lifts trading restrictions on stocks

Robinhood lifts trading restrictions on stocks

by alex

The purchase of GameStop and AMC papers were capped last week.

The online broker app Robinhood has lifted its temporary trading restrictions on all stocks including GameStop and AMC Entertainment.

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The company announced this on its website. Robinhood had previously set the trading limit for GameStop shares to 500, and the acquisition of AMC shares was capped at 5,500.

The online broker last week imposed short-term purchase restrictions on a number of securities, including Nokia and Express Inc, because the clearinghouse's required deposits on stocks were increased tenfold.

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